PARTED OUR FELLOWSHIP.
Othello; ii.—1.

The news of the collapse of Princeton Platinum stock, which Dr. Wilson had given Arthur on Saturday night, proved to be somewhat premature. On Sunday it was decided at the club, where the matter was discussed in a cold-blooded and leisurely fashion, that the whole scheme had gone to pieces; and of course this decision was accompanied by the statement, in various forms, that everybody knew that there was nothing substantial behind the certificates. On Monday, however, the stock took an unexpected rise, and for two or three days held its own with a firmness which greatly encouraged its holders.

Fenton had bought the bulk of his shares at two and seven-eights, and still held them, notwithstanding the rumors of disaster in the air. With a folly that would be incredible were it not one of the most common things in amateur stock transactions, the artist had by this time put the bulk of his little fortune into this wild-cat stock, which he now held with a desperate determination not to sell below the figure at which he had purchased. He could so little afford the least loss, that, with the genuine instinct of the gambler, he trusted to luck, and ran the risk of utter ruin for the sake of the chance of making a brilliant stroke, or at least of coming out even. Having made up his mind to hold on, he clung to the position with his customary obstinacy, even dismissing the matter, as far as was possible, from his thoughts.

He was very busy preparing an exhibition of pictures at the St. Filipe club. The matter had been left in his hands by the other members of the Art Committee, of which he was chairman; but his attitude toward the club had prevented his taking any steps until after the meeting on Saturday night. Now, he was particularly anxious to make the exhibition a brilliant success, to give a signal instance of the value of his services.

He had gone to his studio on Sunday afternoon and sketched in a head of Ninitta, and upon this he worked, now and then, with a desperate energy born of the feeling that it substantiated his story to Edith. He had been seized with grave doubts as to the advisability of exhibiting the Fatima just now; but he did not see his way clear to spare so large and important a picture from the collection, and he comforted himself with the thought that the face was different, and that if the model were recognized he would be supposed to have worked up old sketches taken when Ninitta had posed for him before her marriage.

He worked with all his marvellous energy, collecting pictures, directing their hanging, soothing artists whose canvases were not placed to their liking, making out the catalogue, and arranging all the details which in such a connection are fatiguing and well-nigh innumerable.

The exhibition was opened on Wednesday evening with a reception to ladies, and by nine o'clock the gallery began to fill. Fenton had decorated the rooms a little, chiefly with live pampas grass and palms and India-rubber trees. It is difficult to see how mankind in the nineteenth century could exist without the India-rubber tree. If that plant were destroyed, civilization would be left gasping, helpless and crippled; and of late years, not content with making it serviceable in every department of practical life, men have brought the shrub into the domain of aesthetics by using it for decorative purposes.

The collection of paintings was an interesting one, made up of the work of the best artists in town. Fenton had spared no pains either in procuring what he wanted, or in arranging the gallery. The Fatima hung in a position of honor opposite the main entrance. The selection of so prominent a place for his own work offended Fenton's taste, and annoyed him with an uncomfortable sense of how strongly the picture was in evidence. The exigencies of hanging, and the fact that the canvas was the most important one in the room forced him to place it as he did; and Bently, whom he called to his assistance, laughed at his scruples. None of the artists had seen the picture, and Bently was quite carried away by his admiration of it.

"By Jove! Fenton," he said, "I didn't know you had it in you. It's perfectly stunning. But it's beastly wicked," he added. "Perhaps that's the reason it's so good."

"Come," Fenton said with a laugh, "that sounds quite like the old Pagan days."